iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sees Significant Decline in Short Interest

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 117,006 shares, a decline of 58.2% from the August 31st total of 279,915 shares. Based on an average trading volume of 648,594 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the first quarter worth $124,000. Bogart Wealth LLC raised its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 47.0% in the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock worth $202,000 after purchasing an additional 2,549 shares during the last quarter. Bessemer Group Inc. bought a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 1st quarter worth about $235,000. Arkadios Wealth Advisors purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter valued at about $257,000. Finally, Sarver Vrooman Wealth Advisors grew its position in iShares iBonds Dec 2028 Term Corporate ETF by 20.9% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 10,825 shares of the company’s stock valued at $276,000 after purchasing an additional 1,869 shares during the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

IBDT traded down $0.05 during midday trading on Monday, reaching $24.93. The company’s stock had a trading volume of 1,093,431 shares, compared to its average volume of 656,262. iShares iBonds Dec 2028 Term Corporate ETF has a 1 year low of $24.92 and a 1 year high of $25.74. The stock’s 50-day moving average is $25.12 and its 200-day moving average is $25.20.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.